TeamHealth, Ellucian break; Synchronoss, Zayo, Dynegy, US LBM, 1-800 Contacts tweak deals

By Sara Rosenberg

New York, Jan. 12 – TeamHealth Holdings Inc.’s credit facility made its way into the secondary market on Thursday, with the term loan B quoted above its original issue discount, and Ellucian’s repriced term loan began trading as well.

TeamHealth’s $2.75 billion seven-year covenant-light term loan B quoted at 100 3/8 bid, 100¾ offered, according to a market source.

Ellucian’s repriced $1.53 billion term loan B due 2022 was quoted at 100¼ bid, 100 5/8 offered, a trader remarked.

Over in the primary market, Synchronoss Technologies Inc. reduced the spread on its term loan B, Zayo Group Holdings Inc. retranched its term loan debt and revised pricing, and Dynegy Inc. modified the issue price on the upsize to its term loan C.

Also, US LBM Holdings LLC tightened the original issue discount on its incremental first-lien term loan, 1-800 Contacts Inc. (CNT Holdings III Corp.) added a step-down to its first-lien term loan, and Atotech BV, Prestige Brands Inc., Blue Nile Inc. and Brown Jordan International Inc. released price talk with launch

In addition, Alliant Holdings Intermediate LLC, Innocor Inc., V.Group and Genex Holdings Inc. joined the near-term primary calendar, and timing and size surfaced on MEG Energy Corp.’s refinancing transaction.

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